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Studio · 311 sqftRitaj K, Dubai Investment Park Second · 1st floor

121, Ritaj K

Sold prices and rental history: sold twice, last in March 2017, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 121 · DLD and Ejari recordsUpdated 2 October 2018
Last soldAED 450K20 March 2017
Current rentAED 29K /yr2 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 121, Ritaj K

What is 121 worth today?

Last sold for AED 450,000 in 2017

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2 Oct 2018RentedNew contract
AED 29,000/yr12 months · AED 93 per sqft
1 Oct 2017RentedNew contract
AED 33,000/yr12 months · AED 106 per sqft
20 Mar 2017SoldReady
AED 450,000AED 1,447 per sqft
1 Feb 2015RentedNew contract
AED 24,000/yr12 months · AED 77 per sqft
18 Jun 2014Sold by developerReady
AED 499,000AED 1,604 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 2 October 2018.

Key facts

Type
Studio apartment
Size
311 sqft
Floor
1st of 5
Parking
Building 17-UBA-09
Service charge
AED 6,700 /yr
Last sold
AED 450K · March 2017
Building
Ritaj K

About 121, Ritaj K

121 is a studio of 311 sqft on the 1st floor of Ritaj K, a 5-storey tower in Dubai Investment Park Second. It last sold on 20 March 2017 for AED 450,000, or AED 1,447 per sqft, in line with the AED 1,447 studios in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 2 October 2018, is AED 29,000 a year: a gross yield of 6.4% on the 2017 price, before the service charge of about AED 6,700 a year.

Sales and rents for 121 over time

Sales
Unit 121, each saleTypical studio in Ritaj K
450K500K20142015201620172018Typical sale price by year: 2014 AED 499,000; 2015 AED 440,000; 2016 AED 499,000; 2017 AED 440,000Sold by developer, June 2014: AED 499,000 (AED 1,604 per sqft)Sold, March 2017: AED 450,000 (AED 1,447 per sqft)

121 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 121, each contractTypical studio in Ritaj K
20K40K2014201820222026Typical rent by year: 2014 AED 45,000; 2015 AED 45,000; 2016 AED 42,000; 2017 AED 42,000; 2018 AED 30,000; 2019 AED 24,500; 2020 AED 23,000; 2021 AED 22,000; 2022 AED 22,000; 2023 AED 23,750; 2024 AED 27,500; 2025 AED 32,000; 2026 AED 35,000New contract, February 2015: AED 24,000 a yearNew contract, October 2017: AED 33,000 a yearNew contract, October 2018: AED 29,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Ritaj K, and where 121 sits

All 218 studios →

121 last sold in March 2017 at AED 1,447 per sqft, in line with what studios in Ritaj K were fetching at the time (AED 1,447). Over the last 12 months studios sold for AED 332,000, around AED 1,062 per sqft, and rent for AED 28,600 to 42,000 a year. 121's AED 29,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
27 Feb 2025310,000
1 Mar 2024285,000
2 Feb 2024323,000
5 Jun 2023354,547
1 studio sale in the last 12 months

Ritaj K

Building

219 apartments, studios over 5 floors in Dubai Investment Park Second. 1 sold in the last 12 months.

Typical price per sqft
AED 1,062
Typical sale
AED 332K
Typical rent
AED 35K /yr
Typical yield
10.4%
Ritaj K, Dubai Investment Park Second: prices, sales and rents →

Other units on the 1st floor

All 219 units in Ritaj K
Value
101StudioAED 515K · Jun 2014
102StudioAED 505K · Jul 2014
103StudioAED 430K · Sep 2017
104StudioAED 323K · Feb 2024
105StudioAED 492K · Aug 2014
106StudioNo registered sale
107StudioAED 300K · Oct 2021
1–7 of 38

121, Ritaj K in numbers

  • Sold twice: first on 18 June 2014 for AED 499,000, last on 20 March 2017 for AED 450,000 (AED 1,447 per sqft).
  • Rented since February 2015 on 3 Ejari contracts, from AED 24,000 to AED 29,000 a year.
  • At AED 29,000 a year the gross yield on the 2017 price is 6.4%, before a service charge of about AED 6,700 a year (AED 21.54 per sqft).
  • Studios in Ritaj K sold for AED 332,000–332,000 in the 12 months to November 2026; the building's median across all types is AED 1,062 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 2 October 2018.

Questions about 121, Ritaj K

What did unit 121 last sell for?

AED 450,000 on 20 March 2017: AED 1,447 per sqft for 311 sqft. The unit has 2 registered sales; the first was AED 499,000 in June 2014.

What is the rent for unit 121?

AED 29,000 a year on the contract signed on 2 October 2018. The previous contract, from October 2017, was AED 33,000; the unit has been rented since February 2015.

How big is unit 121?

311 sqft (28.9 sqm): a studio on the 1st floor of a 5-storey tower.

What is unit 121 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Ritaj K sold for AED 332,000 to 332,000 in the last 12 months, around AED 1,062 per sqft.

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Mortgage on 121, Ritaj K

Starts from the last sale price (AED 450K, 20 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

Plus AED 21,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →